Analysis: Multiple technical indicators show that BTC has not yet reached its peak and still has room to rise

PANews reported on May 26 that according to Lookonchain analysis, although BTC hit a record high last week, four key technical indicators all show that the market has not yet reached its peak. Rainbow Chart predicts that the top of this cycle may exceed $200,000; the current monthly RSI is 71.35, which is close to the overbought zone, but historical data shows that there is still room for upward movement; the 200-week moving average heat map is currently blue, indicating that it is still a good time to hold and buy; the 2-year moving average multiplier shows that the price has not yet reached the top red line, and the market is still in the middle.

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Author: PA一线

This content is for market information only and is not investment advice.

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